Abstract
This paper provides a description of features of the Quest model which are relevant for model builders wanting to attach detailed models of non-OECD members, such as the Asian newly industrializing economies or the ASEAN countries, to an existing model of the world economy. It is also intended to be of some use to international model builders that wish to cover the EC economy, either by including models for individual Member States or by constructing an aggregate model. For that purpose, the key parameters estimated for the EC countries, which are all represented in the Quest model, are summarized in the form of elasticities for the EC economy as a whole. More detailed information about the system can be found in European Economy No.47, which documents the 1990 version of the models and from which most of the material in this paper is taken.
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References
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© 1994 Springer-Verlag Tokyo
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Brandsma, A. (1994). The Quest Model of the European Community. In: Ichimura, S., Matsumoto, Y. (eds) Econometric Models of Asian-Pacific Countries. Springer, Tokyo. https://doi.org/10.1007/978-4-431-68258-5_6
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DOI: https://doi.org/10.1007/978-4-431-68258-5_6
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-70134-7
Online ISBN: 978-4-431-68258-5
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